Can I sell abandoned property for back rent after a lease termination?

Full question:

I own commercial property in which I have terminated a lease with a tenant for non payment of rent. The tenant has abandoned certain personal property and has been given the mandatory three day notice to vacate in accordance with the lease terms. It has now been two months and the abandoned property has never been asked for. Can I, as landlord, sell this property for back rent?

Answer:

In Colorado, the handling of abandoned property by a tenant is subject to local laws. It’s advisable to contact your local police department to understand the specific regulations that apply. Generally, you need to send a notice to the tenant's last known address, providing a deadline for them to retrieve their belongings before you can sell the items.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

In Colorado, property is typically considered abandoned after a tenant has vacated the premises without notice and has not returned for a significant period. While there is no specific time frame defined by law, landlords often use a 30-day period as a guideline after a lease termination. However, it's essential to follow any notice requirements and local laws regarding abandoned property before taking further action.